Research shows that employee well-being is more than just people’s medical health. Employers who confine their approach to conventional health factors such as weight, nutrition and exercise miss critical clues on how to optimise a healthy and productive workforce. Taking a more holistic approach can reveal the true costs of impaired health which have previously been under-estimated.
- Average cost of sickness absence each year = £1,500 per employee
- UK annual cost of sickness from mental ill-health = £8.1 billion
- Average number of days lost to stress, anxiety or depression = 24 days per case
We define employee well-being as:
“That part of an employee’s overall well-being that they perceive to be determined primarily by work and can be influenced by workplace interventions.”
Our research shows consistently that employee well-being includes advancement, managerial and physical workplace considerations, as well as people’s physical and psychological health.
Conservative estimates show that the burden of impaired health equates to 15% of payroll. Despite this, less than 10% of organisations know their cost to benefit ratio on health.